Eurozone

Bank of France, Swiss Crypto Bank Test Securities Settlement Using CBDC

<div class=”featured_image_container”> </div> <strong>The Bank of France has successfully completed an experiment involving the use of CBDC to settle listed securities. The test has been carried out with the help of an alliance of partners led by SEBA Bank, a digital asset banking provider based in the Swiss crypto valley. </strong> Central Bank and Crypto …

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Swiss, French Central Banks to Trial Wholesale CBDC Settlements With BIS and Private Sector

<div class=”featured_image_container”> </div> <strong>The central banks of Switzerland and France are joining hands with the Bank for International Settlements to test wholesale central bank digital currencies in cross-border transactions. The experiment will be conducted with the help of a private sector consortium led by Accenture. </strong> European Central Banks to Collaborate on CBDC Project The …

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ECB: Digital Euro to Boost Global Appeal of European Money, Fight ‘Artificial Currencies’

<div class=”featured_image_container”> </div> <strong>The digitization of traditional currencies like the euro has the potential to increase their international appeal, the European Central Bank says in a new report. A failure to offer a digital currency would endanger financial stability, ECB warns. The regulator is concerned about the prospect of tech giants dominating payments through their …

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ECB in Full-On Emergency Mode as ‘Unprecedented Decline’ Hits Eurozone

The euro area is facing an “unprecedented” economic decline, the worst since records began. European Central Bank (ECB) President Christine Lagarde paints a picture of a central bank in full-on emergency mode after the bank kept its interest rates unchanged. Unprecedented Economic Contraction in Eurozone New data released on Thursday reveals that the 19-member region’s …

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